WE need measures against those traders who are out to make profit at the cost of people's health. They do not hesitate even to make money capitalising children lives. What they will do with this money? The seizure of date...
BEIJING, Aug 13 (AFP): US track and field coaches are so confident of another dominating performance when Olympic competition begins Friday that they have dubbed the American athletics delegation the "Dream Team".World 100 metre champion Tyson Gay, two-time world and...
QINHUANGDAO, Aug 13 : Brazil defeated host China 3-0 in their last group match of the Olympic men's football tournament here Wednesday.Brazil thus advanced to the finals with an unbeaten record from Group C.The loss for China also marked the...
PARIS, Aug 13 (AFP): Inflation is rampant around the world, in both rich and emerging countries, as increased prices for raw materials burn a hole in consumers' pockets.From the United States, through Europe and Asia, governments and central banks are...
BEIJING, Aug 13 (AFP):World number one Australia pulverised hapless South Africa 10-0 Wednesday to continue their impressive march towards retaining the Olympic men's field hockey gold medal.Eli Matheson slammed a hat-trick and Jamie Dwyer and David Guest scored two goals...
TIANJIN, Aug 13 : Cameroon cruised into the quarterfinals of the Olympic men's football tournament after they held 0-0 with title favourites Italy in the final round of Group D here Wednesday.Before this match, Italy had booked a quarterfinal place...
Mahmuda Shaolin | 2008-08-14 00:00:00
Bangladesh Export Processing Zones Authority (BEPZA) has completed its plan for expansion of the Comilla Export Processing Zone (EPZ) at a cost of Tk 4.80 billion (480 crore).'Comilla EPZ is going to be the country's biggest EPZ with the large-scale...
NEW DELHI, Aug 13 (AFP): Indian economic growth is likely to slow to 7.7 per cent in the current financial year due to a cooling global economy and high inflation, a government panel said in a report released today.The forecast...
MADRID, (Internet): The fruits of Spain's economic transformation found their way to Maria Dolores Barroso's cafe. Fuelled in large part by a massive building boom, the Spanish "miracle" brought new jobs to legions of construction industry workers-many of whom would...
24 die in China bus accidentBEIJING, Aug 13: At least 24 people died when a bus overturned in northwest China's northwest Xinjiang region, state media said Wednesday. The accident happened mid-afternoon Tuesday on a remote mountain road leading to Artux...
FE Report | 2008-08-14 00:00:00
The inter-bank call money rate slightly gained ground Wednesday despite injection of fresh cash into the market. The US dollar also appeared stronger against Bangladesh taka (BDT) in the inter-bank foreign exchange market on higher demand for the greenback, fund...
Nobel laureate and Grameen Bank (GB) founder Muhammad Yunus stressed the need for multifaceted initiatives by private sector alongside government efforts to ensure health services for the people.The Nobel laureate made the observation while speaking as the chief guest at...
Sadharan Bima Corporation (SBC), the only general insurance organisation in the public sector, earned net profit of Tk 606.1 million in 2007 as against Tk 420.4 million in 2006, says a press release.It has contributed Tk 356.1 million in 2007...
I want to convey my thanks to Mr Shamsul Huq Zahid for his column in the FE in which he wrote about the plight of the expatriate Bangladeshis. As an expatriate for 8 years I would like to tell you...
SHANGHAI, Aug 13 (AFP): A Chinese government think-tank today proposed raising the country's official inflation target for 2008 and 2009 to five to seven per cent, up from this year's objective of 4.8 per cent."The inflation target should be raised...
Fazle Rashid | 2008-08-14 00:00:00
NEW YORK, August 13: The tax dodging is a global phenomenon. It is not unique to Bangladesh only. Tax dodgers everywhere have transactions with on-shore banking. Billions of dollars are being stashed in banks outside one's own country.A recent study...
Enayet Rasul | 2008-08-14 00:00:00
WHY unemployment is bad for any economy is obvious. The unemployed ones are not productive, they do not add to the net of goods and services. They are rather dependants consuming what others produce, say, in the family, community or...
WASHINGTON, Aug 13 (Reuters): A top Bush administration official played down Tuesday any connection between Russia's military action in Georgia and Moscow's long-term bid to join the World Trade Organisation (WTO)."We've worked with Russia in terms of the WTO accession...
Sadharan Bima Corporation (SBC), the only general insurance organisation in the public sector, earned net profit of Tk 606.1 million in 2007 as against Tk 420.4 million in 2006, says a press release.It has contributed Tk 356.1 million in 2007...
FE Report | 2008-08-14 00:00:00
Dhaka stocks slipped Wednesday again after gaining two straight sessions amid selling pressure by the investors rattled by the long bearish spell.Beginning with an upbeat mood, the Dhaka Stock Exchange (DSE) finished on the red due to selling spree by...
ISLAMABAD (Agencies): Pressure mounted on Pakistan's President Pervez Musharraf on Wednesday to resign or face impeachment but aides rejected media speculation he was about to step down.Sindh provincial assembly Wednesday passed a resolution against Musharraf.The resolution asked Musharraf to take...
BEIJING, Aug 13 : Three Chinese paddlers made a strong start in the Olympic canoeing slalom racing Wednesday and looked likely to win the host country's first ever slalom Olympic medal.The combination of Hu Minghai and Shu Junrong finished fifth...
BEIJING, Aug 13 :Japan's Masae Ueno saved her Olympic title in middleweight judo by throwing down Cuban Anaysi Hernandez Wednesday, adding the fourth gold to Japan's delegation at Beijing Olympic Games.Masae Ueno (29) stunned Hernandez by pushing her directly to...
Shakhawat Hossain | 2008-08-14 00:00:00
The government seems to have developed a distaste for privatisation following a debacle over the sale of Rupali Bank as it plans to drop five loss-making state-owned enterprises (SoEs) from the divestment list, officials said.The SoEs are Daulatpur Jute Mills...
SEOUL, Aug 13 (AFP): A German firm said today it has signed a deal to extend a South Korean solar energy plant which is already Asia's largest.Conergy said in a statement it has reached a framework agreement on a 20-...
WASHINGTON, Aug 13 (AFP): The US trade deficit unexpectedly shrank in June as a weak dollar stoked exports, offsetting record crude oil imports and a politically sensitive growing gap with China, official data showed yesterday.The June trade deficit shrank a...
BEIJING, Aug 10 (AFP): Chen Ying of China won the Olympic women's 25m Pistol shooting gold medal with a new Games record here today.Gundegmaa Otryad of Mongolia took the silver and Germany's Mongolian import Munkhbayar Dorjsuren claimed the bronze medal.It...
It is my proud privilege to extend heartiest greetings to every citizen of our country living in Pakistan and abroad on the occasion of our Independence Day.Sixty one years ago, the birth of Pakistan epitomized the successful culmination of a...
SINGAPORE, Aug 13 (AFP): World oil prices nudged higher in Asian trade today but worries about demand were likely to cap the rise, dealers said.In afternoon trade, New York's main contract, light sweet crude for September delivery, was up 50...
SRINAGAR, Aug 13 (Reuters): Angry Muslims mourning at least 20 protesters killed by police torched security bunkers and rioted in Indian Kashmir's main city Wednesday, as a land row with Hindus revived calls for independence.Police fired teargas shells to disperse...
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